Jul
08
08
Don’t Buy Real Estate in June 2010, buy 2012 and after
Posted under REAL ESTATE by admin
A Second wave of Adjustable loans will push real estate lower the middle of 2010 through the end of 2011.
Duration : 0:1:21
Vero Beach Florida
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@macpduff
jnauary …
@macpduff
jnauary 2012 will some form of price low after the big wave of ALT-A and Option Adjustable rate loans that will adjust the second half of 2011.
In California …
In California foreclosures dryed up in 1998 and then from 1998 to 2006 prices trippled. When foreclosures are increasing in number as in the US from 2004 to 2006 that is a sign that you should be selling. From 1998 to 2003 there were not foreclosures so that is the “Rise” and “HOLD” period. The last report that I read says that foreclosures will dry up in 2015, so after 2015 prices will rise. The Height of the loans adjusting is the end of 2011 so prices will be the lowest at the end 2011.
Yes I agree. The …
Yes I agree. The last report that I read says that in 2015 foreclosures will dry up and finally be resolved. After 2015 prices will rise. So we have 2010 through 2016 to be patient and only buy something that makes business sense. Only a small percentage of properties (maybe 1%) make business sense.
I’ve read real …
I’ve read real estate agents proclaiming how affordable Southern California is now, but I still see middle class 3 and 4 bedroom homes listing in the $500k-$600k range in a lot of areas of Orange and LA County. Those prices are not affordable for the average income.
@LetItFloat What …
@LetItFloat What economic recovery?! lol We’re broke!
I wouldn’t buy in …
I wouldn’t buy in 2012 either. The D A Y the last Arm is through the system, interest rates are going to sore. No one will be able to afford the new $300,000+ houses and we’ll have a whole new issue on our hands.
shouldnt you buy …
shouldnt you buy real estate when the market is down? and rent them up and then sell them when the market is booming? someone answer me because i still dont get into real estate business
I think we should …
I think we should encourage people to buy, especially first time home buyers let them buy high and when lose their job they will lose their homes and they will rent from those who wait.
I agree with this …
I agree with this info and I cannot understand how others don’t see this obvious trend from basic analysis.
I read a statement 20 years ago from a goldbug who said: “there will come a day when you can buy a home with a handful of gold coins”.
That seems to be turning into a reality.
But by 2012-2013, …
But by 2012-2013, the prices will be on their way back up.This advice only makes sense if you are buying for investment. If you’re buying a home for long term, buy when the prices are low and going down. Yes?
How many of you …
How many of you took out equity loans and went on a vacation instead of reinvesting in your home. Going on a vacation dosen’t make your home worth more. The majority of property I see is appraised for 1/3 of what their asking, because they took out loans for more than its worth.
The commercial wave …
The commercial wave is as big as the second residential wave!
Okay, I gave many …
Okay, I gave many of you a buzz there, let me clarify few points. The market is on the ascendance, and it has been for the last year, March 09-10. Many expected it to tank again, but it didn’t. Agreed, with the idea of a little staggering in the coming six months or so, as liquidity is withdrawn. As for the real-estate, its going to remain dormant for a year, prices remain hoovering, but do not buy the wait till 2012 argument. You will miss your chance to get a good home for a good price.
@LetItFloat,
What …
@LetItFloat,
What economic recovery are you talking about? Do you mean the temporary jobs created, like census jobs that will soon disappear? There is no recovery, people will continue to lose their jobs because there is currently no incentive to employ people. Due to this people will not spend money and what makes an economy work? Money!
@LetItFloat,
What …
@LetItFloat,
What economic recovery are you talking about? Do you mean the temporary jobs created, like census jobs that will soon disappear? There is no recovery, people will continue to lose their jobs because there is currently no incentive to employ people. Due to this people will not spend money and what makes an economy work? Money!
@LetItFloat, oh yes …
@LetItFloat, oh yes we in recovery, our economy is booming beyond recognition. I didn’t realize that high unemployment was equal to high economic growth. I think we laid the entire nation off so we can grow our economy even more. I guess the less you produce the more you have, what a concept.
@LetItFloat, oh yes …
@LetItFloat, oh yes we in recovery, our economy is booming beyond recognition. I didn’t realize that high unemployment was equal to high economic growth. I think we laid the entire nation off so we can grow our economy even more. I guess the less you produce the more you have, what a concept.
Interest rates will …
Interest rates will rise and inflation will shot way up. Fine times await. I just hope interest rates rise soon enough. The f*cking government and wall street and really put this country in a terrible bind. I’m so happy I’ve done the right things so I can suffer! This sucks a**
@mongobobo The …
@mongobobo The dollar strengthening was irrational and because other countries needed some place to try and story wealth. The dollar is in decline, make no mistake about it. If you think the dollar is so great, then store all your wealth in dollars under your mattress. Then in 5-10 years see how much it buys.
@SIGN666 The scary …
@SIGN666 The scary thing about this comment is that is could be completely correct.
@LetItFloat What …
@LetItFloat What economic recovery? You mean the bogus jobless bull sh*t recovery the government is claiming. Please, we need to produce something as country, not borrow money to buy stuff from China. We need to reduce the size of the government and reduce taxes. The country is completely on the wrong track!!!! If you see some recovery then you need your vision checked. The only recovery has been for the rich and well connected on wall street.
Open the boarders …
Open the boarders and allow unrestricted immigration illegal and legal the glut of overstocked houses will be used up. The banks must continue to make loans to undocumented
aliens and anyone breathing. This will stimulate the economy until the next bubble then we print another trillion. The circle of economic prosperity has been set print money unrestricted immigration. Oh forgot the huge # unemployed folks go some where else American banks and corporations do not want you makes them look bad.
Yep me too, I’m not …
Yep me too, I’m not going to buy anything until 1012. I’ll wait until the dumb cash buyers run out of money then the real bargain will begin. In CA homes are still way too high.
It’s actually …
It’s actually become more profitable to be a landlord than it was.
Rental rates are still only about 10% lower than 06. But housing prices are lower, and interest rates are lower.
So consider buying a duplex if you can afford it and rent out the other unit. That way you won’t need to rely on the price of your home and your renter will pay for your mortgage.
I think astute sophisticated investors in rental properties will probably start having huge success if they buy right now.
@LetItFloat 70% of …
@LetItFloat 70% of mortgage resets result in people upsidedown on their houses meaning they will owe more than their house is worth and 90% of those upside down end up in foreclosure. People may buy them back but they won’t overpay for them. Unemployment has actually risen since 2008, despite the “job creation” that cost 300,000 per low end job.
I agree there are good bargains, if you look at foreclosures, but why not wait?
And although rates have lowered, loan standards have tightened.
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